Brown Distributors has the following transactions related to notes receivable during the last two months of the year.

Dec. $1$ Loaned $$18,000$ cash to K$.$ Perry on a $1-$year, $5\%$ note.

$16$ Sold goods to L$.$ Bryan, receiving a $$4,800,60-$day, $7\%$ note.

$31$ Accrued interest revenue on all notes receivable.

Journalize the transactions for Brown Distributors. Omit cost of goods sold entries. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit